The equity markets fell sharply on Tuesday, with the BSE Sensex losing 436 points to close at 84,666, while the Nifty 50 dropped 120 points to end at 25,839. Investor caution ahead of the U.S. Federal Reserve’s policy decision, foreign fund outflows, and a weakening rupee weighed on sentiment.
Among the top losers, Asian Paints Ltd. slumped nearly 4.5%, Tech Mahindra Ltd. fell about 1.8%, and InterGlobe Aviation Ltd. dropped 1.8%. Information technology and auto stocks led the broader decline.
On the upside, buying interest was seen in public-sector banks and select realty and consumer-durables stocks. Titan Company Ltd. rallied 2.4%, Adani Enterprises Ltd. rose 1.5%, and Shriram Finance Ltd. gained 1.3%.
Traders also cited volatility ahead of the Nifty futures expiry as a factor behind cautious trading. Analysts expect markets to remain range-bound until clarity emerges on global cues, currency trends, and domestic fund flows.
In corporate news, the ICICI Prudential Asset Management Company IPO is set to open on December 12, with a price band of ₹2,061–₹2,165, which may attract investor attention in the coming sessions.